Sirius Slapped With Minimum Bid Notice
Ugly news for Sirius (SIRI): With a share price that has closed below $1 for 30 consecutive business days, the company has fallen out of compliance with Nasdaq listing rules. In a notice issued earlier this week, Nasdaq gave the company until March 15, 2010, to comply.
So the question now is: Will Sirius now move ahead with the reverse split its stockholders approved back in May?
